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Fri Mar 27 2020 14:07:50

Amazon CEO Jeff Bezos Earned 58 Times Employees in 2019

By: Ina Steiner

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Amazon founder and CEO Jeff Bezos earned $1.68 million in total compensation in 2019 - exactly the same as he gets each year. His compensation was 58 times the median employee again in 2019.

We don't yet have the same data for eBay 2019 CEO compensation, which will be muddied by the fact Scott Schenkel took over as Interim CEO in September, but we can compare the Amazon and eBay CEO pay ratio for 2018.

Amazon CEO Jeff Bezos earned 58 times the median compensated employee in 2018. eBay's CEO at the time, Devin Wenig, earned 152 times median of all other employees in 2018. That was up from 143 in 2017.

Amazon released the 2019 data today in a preliminary proxy statement filing with the SEC. Bezos drew a salary of $81,840; "other compensation" included the cost of providing him with security.

It's also interesting to see the business relationships between Amazon and other companies owned by Amazon CEO Jeff Bezos. According to the proxy statement:

"Jeff Bezos, our President, CEO, and Chairman, owns Blue Origin, an aerospace manufacturer and spaceflight services company, and entities that publish The Washington Post, and we do business in the ordinary course with each company. 

"In 2019, Amazon sold approximately $4.2 million of consumer goods to Blue Origin under a line of credit, and Blue Origin paid Amazon approximately $130,000 to lease property.

"In 2019, Amazon purchased or obtained approximately $1.7 million of advertising from, and paid approximately $6.5 million related to digital content to, the Washington Post entities, all on terms negotiated on an arms-length basis."

Amazon's proxy statement was published ahead of its annual shareholder meeting, which is scheduled for May 27, 2020.

You can read more about executive compensation and the matters on which shareholders will vote in today's EcommerceBytes Newsflash article.



Comments (15) | Permalink

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by: ebayout This user has validated their user name.

Fri Mar 27 15:01:55 2020

His salary is chump change compared to his total income.
What's the point?

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by: FeelingFroggy This user has validated their user name.

Sat Mar 28 09:06:54 2020

I would think that if this bothers one so badly that they lose sleep over it then maybe they should stop shopping on Amazon and if your an employee then find another job. Quit the jealously crap.

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by: That Guy This user has validated their user name.

Sat Mar 28 11:10:14 2020

"Earned"

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by: plcombs This user has validated their user name.
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Sat Mar 28 15:24:11 2020

Warren Buffett also draws a modest salary, but in both cases their WEALTH typically increases by the Billions annually on stock values.  Salary at that level is just a formality...

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by: Tubular Sales This user has validated their user name.

Sat Mar 28 17:38:51 2020

The point is Bezo took 58 times the average employee's compensation.  Compare this to moron Devin Wenig who's compensation was 152 times average employee compensation.  Amazon is 50 times bigger than ebay.  Bezo's does own billions in stock but that's not the point.  Wenig and Schenkel should be getting a lot less.

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This user has validated their user name. by: Lightning

Mon Mar 30 01:19:42 2020

I guess it's an improvement over the days when ALL salaries were low, and business owners were the only ones making the money.  At least we have some ''working'' folks, and I use the term loosely, rising to the top of the income charts.  Maybe there's hope for the little guy, some trickle down effect.

The highest paid baseball pitchers are getting close to $1Million per game.  That's about $10,000 per PITCH, whether it's a strike, a ball, or gets hit over the fence for a home run.  Got knocked out in the first inning after only 15 pitches?? That's ok.  In that case, you earned $67,000 per pitch and can leave work early.  

A lot of salaries seem ridiculously high, but a capitalistic society benefits from everyone vying for those slots.  Brings general productivity way up.  If you're the guy or gal making the big bucks, good for you.  Glad someone is.  Now, the secret is holding onto it, because everyone wants to be king of the hill.

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by: hawk This user has validated their user name.

Mon Mar 30 05:31:26 2020

every empire rises , and every empire falls. one day they will all fall and someone else will take their place. history !  if anyone knows what history is anymore.  

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by: ADJackson This user has validated their user name.

Mon Mar 30 05:47:12 2020

I have noticed that this Website seems very pro Amazon and con eBay. Does this Website have a connection to Amazon? Bezos is greedy and leaves a lot to be desired. He treats his employees as if they are worthless slaves and yet so many admire him. I am astonished how anybody could say he earned the money. Well, he earned it off the sweat and toil of the those who work on the floor.

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by: Chicago48 This user has validated their user name.

Mon Mar 30 06:15:17 2020

$1.68M is very low for a salary.  I guess he makes it up with stock options?

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by: eastwestphoto This user has validated their user name.

Mon Mar 30 09:57:07 2020

Never forget, he get stock increases and dividends also, NOT included in his salary published!

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This user has validated their user name. by: RKTOYS

Mon Mar 30 10:00:21 2020

I have not really seen a pro-Amazon bias here at all.  My take is that eBay was where alot of people got started with online sales, so eBay sellers tend to be a larger, if not the largest, demographic in seller forums.  Since eBay is making so many negative changes, of course the discussion looks anti-eBay.  There's a simple fix for that, though: eBay can stop being stupid and stop working against its customers.

Frankly, I all but wrote off Amazon years ago.  Their seller policies are actually worse than eBay.  The only reason I keep tabs at all is that they're often dumping product at far below what I'm offered at "wholesale."  As my B&M options have withered away, I've done my best to buy anywhere _but_ Amazon.

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by: Chicago48 This user has validated their user name.

Mon Mar 30 10:32:21 2020

@RKtoys - I sell on AMZ and I don't have problems with AMZ, except where they gate products.

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by: JohnGermaine This user has validated their user name.

Mon Mar 30 12:33:44 2020

So disgusting and unreal -  

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This user has validated their user name. by: RKTOYS

Mon Mar 30 14:12:03 2020

@Chicago48 - I had an A2Z ruled summarily against me even though I had delivery confirmation, an open postal investigation, and a completely non-responsive customer following an online fraud guide step by step.  Never could reach a person at Amazon to hear what I was supposed to do or why my appeal was closed, with no explanation whatsoever, three minutes after filing it.  That was all I needed to know I wasn't going to do business with those clowns ever again.

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This user has validated their user name. by: Lightning

Mon Mar 30 19:39:40 2020

Re: Amazon and eBay
Hate 'em both equally, not picking favorites.



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